The National Association of Realtors is reporting that existing home sales were up 2% in July, 2025 to a seasonally-adjusted annual rate of 4.01 million. Total housing inventory at the end of July was 1.55 million units, up 0.6% from June and up 15.7% from one year ago. Unsold inventory sits at a 4.6-month supply at the current sales rate with properties remaining on the market for around 28 days. The median existing-home price for all housing types in July was $422,400 – the 25th consecutive month of year-over-year price increases. The NAR says buyers are in their best position in over 5 years:
“Homebuyers are in the best position in more than five years to find the right home and negotiate for a better price. Current inventory is at its highest since May 2020, during the COVID lockdown.” Said the NAR’s Chief Economist, Lawrence Yun.
Click here to read the full release at the National Association of Realtors.
